US Gold (NASDAQ:USAU) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• US Gold's stock price exceeded its200-day moving average at $10.59, reaching a high of $11.92 and last trading at $11.60.
• Analysts have set a consensus target price of $14.67, with notable ratings of "buy" from HC Wainwright at $15 and Roth Capital at $19.
• The company's recent quarterly earnings showed a loss of ($0.25) EPS, missing the expected estimates by ($0.10).

US Gold Corp (NASDAQ:USAU - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.59 and traded as high as $11.92. US Gold shares last traded at $11.60, with a volume of 591,664 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on USAU shares. Roth Capital reiterated a "buy" rating and set a $19.00 price objective (up from $18.00) on shares of US Gold in a research note on Monday, August 4th. HC Wainwright restated a "buy" rating and issued a $15.00 target price on shares of US Gold in a research note on Wednesday, June 25th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $14.67.

US Gold Price Performance

The stock has a market capitalization of $168.59 million, a price-to-earnings ratio of -6.75 and a beta of 1.27. The firm's fifty day moving average is $11.80 and its 200-day moving average is $10.64.

US Gold (NASDAQ:USAU - Get Free Report) last issued its earnings results on Tuesday, July 29th. The technology company reported ($0.25) earnings per share for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.10). On average, sell-side analysts expect that US Gold Corp will post -0.95 EPS for the current year.

Institutional Trading of US Gold

A number of institutional investors and hedge funds have recently modified their holdings of the business. Occudo Quantitative Strategies LP increased its holdings in shares of US Gold by 4.3% in the 2nd quarter. Occudo Quantitative Strategies LP now owns 33,398 shares of the technology company's stock worth $407,000 after acquiring an additional 1,379 shares during the period. Quantbot Technologies LP acquired a new stake in shares of US Gold in the 2nd quarter worth about $25,000. SBI Securities Co. Ltd. increased its holdings in shares of US Gold by 18,050.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 2,178 shares of the technology company's stock worth $27,000 after acquiring an additional 2,166 shares during the period. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of US Gold in the 2nd quarter worth about $33,000. Finally, Engineers Gate Manager LP increased its holdings in shares of US Gold by 38.0% in the 2nd quarter. Engineers Gate Manager LP now owns 15,571 shares of the technology company's stock worth $190,000 after acquiring an additional 4,287 shares during the period. 6.64% of the stock is owned by institutional investors and hedge funds.

About US Gold

U.S. Gold Corp. engages in the exploration and development of gold and precious metals in the United States. It also explores for copper and silver deposits. The company holds 100% interests in the CK Gold project, which consists of various mining leases and other mineral rights covering approximately 1,120 acres in Laramie County, Wyoming; the Keystone project that consists of 601 unpatented lode mining claims covering approximately 20 square miles in Eureka County, Nevada; and the Challis Gold project, which consists of 77 unpatented lode mining claims covering approximately 1,710 acres in Lemhi County, Idaho.